Overview
- 2324 Sqft
- 2019
- MultiFamily
- 505205300
- 0.15 Acres
- KOR Realty
- Korrie Hicks
Description
Turnkey Portland Multi-Unit — 6.79% Cap Rate, Fully OccupiedRare opportunity with three separate income-producing units, all currently rented on month-to-month terms. Estimated 6.79% cap rate at the current list price; financials available upon request, buyer to independently verify income, expenses, and investment performance. Unit A (2 bed / 2 bath): Built in 2019 with an open kitchen, dining, and living area, LVT flooring, a laundry room, fresh interior paint, gas heat and central air, and its own exterior storage room.Unit B (1 bed / 1 bath): Set behind the main home with an open living area, ductless electric heat and A/C, laundry/storage space, and its own exterior storage room. Updates include a 2019 roof, partial siding, and kitchen plumbing and electrical improvements.Studio (detached): A versatile open living area with a small kitchen counter and sink, full bathroom, electric heat, and a 2019 roof.Grounds: A shared private patio between the three units, shaded by a mature grape arbor.ALL UNITS ARE TENANT OCCUPIED — please do not disturb tenants or enter the property. Seller holds an Oregon real estate license.
Details
Updated on September 4, 2026 at 7:13 am-
MLS# 505205300
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Price $510,000
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Property Size 2324 Sqft
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Land Area 0.15 Acres
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Garage Size x x
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Year Built 2019
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Property Type MultiFamily
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Property Status Active
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Office Name KOR Realty
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Agent Name Korrie Hicks
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Office Phone 503-680-4371
Additional details
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Listing Terms Cash, Conventional
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Roof Composition
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Sewer Public Sewer
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Cooling Central Air, Heat Pump
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Heating Ductless, Forced Air, Wall Heater
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County Multnomah
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Property Type MultiFamily
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Parking Driveway
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Elementary School Whitman
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Middle School Lane
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High School Cleveland
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Community Features Commons
Walkscore
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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PMI
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Monthly HOA Fees
Contact Information
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